4616 Golden Gate PkwyNaples, FL 34116

Property Details for 4616 Golden Gate Pkwy

Year built

1984

Lot size

0.76 AC

Property type

Apartment buildings

Description

This exceptional 8-unit apartment building in Naples, Florida, presents a compelling investment opportunity. Located at 4616 Golden Gate Pkwy, 34116, this property boasts a total net rentable area of 7,168 square feet across two one-story buildings on a 0.76-acre lot. Built in 1984, the property features a favorable unit mix of eight two-bedroom, two-bathroom units, each equipped with a washer and dryer. Five of the eight units have undergone complete renovations, showcasing vinyl plank flooring, stainless steel appliances, new cabinets, light fixtures, windows, countertops, and sinks. Significant recent capital improvements exceeding $100,000 have been made, including a roof replacement in 2020, new windows, parking lot maintenance, and updated siding. The property is zoned RMF-12-GGD and offers a current NOI of $132,751, resulting in a 5.90% cap rate. Pro-forma NOI is projected at $164,674, yielding a 7.25% cap rate. The asking price is $2,250,000, or $281,250 per unit. The property benefits from a strong location, with an average household income within a two-mile radius exceeding $95,894. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location. APN: 35980160006, 35980200005.

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.184

Longitude

-81.7005

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